Question
Raman invested Rs. 70,000 in a bank offering 10%
compound interest per annum for 2 years. After 2 years, he used the total amount to start a business with Raj, who contributed Rs. 50,000. Raman invested his amount for 8 months, while Raj kept his investment in the business for the entire year. What will be the ratio of their profits at the end of the year?Solution
Raj invested 50,000 for 12 months Required ratio = 84,700Ă—8: 50,000Ă—12 = 677600: 600,000 = 6776: 6000 = 847: 750
Which of the given statement is not correct about Fiscal Management in Budget 2023-24?
________ examines and evaluates a firm's or individual's financial records to derive evidence used in a court of law or legal proceeding.
Which of the following best describes earned value management?
Consider the following Statements and choose the option with correct Statements.
I- Jal Jeevan Mission was launched in 2019 as a Central Sector ...
With respect to the Expenditure Budget, which of the following does not come under the Umbrella of Centers’ Expenditure there sub-classification?
According to the RBI recent announcement, the farmers who repay loans promptly under the Kisan Credit cards scheme will get an additional ___ % subsidy.
In cost accounting, overheads are classified into various categories based on the nature of the expenses. Which category do Director’s remuneration an...
As per the provisions of the SARFAESI Act, if the borrower fails to comply with the notice, the Bank may:
What are the limitations on the appointment and reappointment of auditors for listed companies under the Companies Act?
What is the group borrower exposure limit for an NBFC-IFC in the middle layer as per the scale-based regulations (SBR) for NBFCs?
Relevant for Exams:
